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Glad they're keeping the Rathbones Brand, "InvestBones" or "RathTec" would be just wrong, even worse they could do an Aberdeen and go with something stupid like "RTHBN" Lol !
Q1 update:
Net operating income up 4%.
FUMA down 5%.
Decent performance in trying times.
Annual results due 28 July.
...due this Thursday 5 May.
Thanks for the info. Recent staff an just joimed the share save so good news then ha
Takeover at Brewin Dolphin was followed by a piece from Shares Mag editor saying he thought RAT could be next on the list for a bid. My money would be on JUP. Rat is too well run.
https://news.sky.com/story/fund-manager-jupiter-hires-bankers-to-draw-up-1-5bn-bid-defence-plan-12492538
Does anyone know what caused the share price rise of £2.16 yesterday. Cannot find anything online
A great purchase. Welcome aboard! :)
Hi and so forth…let me be the first pupil in your classroom. I bought these for the 1st time on Monday at £14.69….very pleased with the rise, and expect them to be back over £20, once the Ukraine situation is resolved. I will buy more on weakness.
Talking to an empty room here, but for info RAT is currently on:
PER = 9
PEG = 0.7
YIELD = 5.4%
FORECAST EPS = +15%
There are forecasts for greater expenditure on IT systems, but this is manageable out of current cash.
GARP and income compatible?
FTSE 100 to open c3% down, so a fall is coming. BUT results today show EPS of 133.5p. Increases across the board of c20%, and dividend raised 12.5%. Rather decent results!
Seems to still be a decent income play, and possible GARP.
PER= 11
Yield = c4.6%
Last quarterly was a little disappointing, but there have been positive noises since.
The third quarter update is due next week. Volatility should aid profitability here. A sell off is going on at the mo, so perhaps another institutional investor selling out or down, but Lindsell Train own nearly 20% so it could simply be them trimming.
The figures still make this a decent company, making occasional acquisitions, and paying a decent dividend. A good take for income investors?
RBC RAISES RATHBONE BROTHERS PRICE TARGET TO 2,020 FROM 1,975) - MAINTAINS RATING OF 'OUTPERFORM'
All relevant measure up c2%. Steady growth here, and a nice yield.
"Total FUMA reached £54.7 billion at 31 December 2020, up 8.5% from £50.4 billion at 31 December 2019
- £44.9 billion in the Investment Management business, up 4.4% (2019: £43.0 billion)
- £9.8 billion in the funds business, up 32.4% (2019: £7.4 billion)
- Total net inflows across the group were £2.1 billion (2019: £0.6 billion), representing a growth rate of 4.2% (2019: 1.3%)
- Gross organic inflows in Investment Management were consistent at £3.3 billion in 2020 compared to £3.3 billion in the prior year
- Acquired inflows of £0.6 billion in Investment Management largely reflect the transfer of assets from Barclays Wealth (£0.4 billion)
- Investment Management outflows for the year totalled £3.3 billion (2019: £3.9 billion)
- Net inflows in our funds business were £1.5 billion (2019: £0.9 billion)"
Dividend raised 2%.
Pretty decent results.
They have it as a "super stock"! The PER is 12, and the yield is possibly 4.5%. Price has been suppressed by Mawer selling, though AV. now hold 6%. Fourth quarter results last month saw FuM&A up 8%, and rises across the board. Results are available on Thursday. Seems a decent, solid firm.
I've held these for a while, very disappointed as it's an expensive stock, I'm looking at their Global Opportunities Fund and thinking that must be a better option surely? Cheap to buy, cheap to hold and solid growth.
I have these in paper shares fantastic company :-)
Not bad half year as they are working from home.
Small buy here today at 2000.
a good day today.
.
Hit a stop today.... :-)
good entry point.
The underlying annualised rate of net organic growth was 3.0% in 2012, 2.0% less than recorded in the previous year, which the company said reflected a £31m outflow from Albany Investment Trust and £31m of outflows following the end of contractual arrangements with Cavanagh Financial Management. Andy Pomfret, Chief Executive Officer of Rathbone Brothers, said: "Market conditions remained challenging for private clients in 2012 but Rathbones did increase its funds under management by 13.4% to £18bn in the year. Profit before tax of £38.8m for the year to December 31st 2012 was marginally lower than the £39.2m in 2011 but basic earnings per share of 67.00p were up 0.4% on 66.72p in 2011. He added: "After a challenging 2012 UK equity markets ended the year on a more positive note and this has continued into 2013. Rathbones looks forward to 2013 with more optimism although markets do remain fragile as governments, particularly in the US, the UK and the eurozone, battle with difficult economic and financial conditions. "Rathbones continues to grow and consolidate its position as a leading provider of high-quality, personalised discretionary investment management services."